17 Best Solar Companies in Medway, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Medway

The cost of putting up a solar panel system has dropped immensely over the past few years, but it's still a large investment for most homeowners. Some significant things that affect the upfront cost and potential savings over time include:

• Typical energy usage: The more power your household uses on average and the larger your current power bills are, the more money you could save by going solar.
• Your home's power bills: Based on the fairly high monthly electric bills in Medway, you could save about $1,000 a year with solar.
• Your income and budget: This guides what kind of solar panels you can purchase.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 26% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Additionally, you can save about $22,000 over 20 years on your utility bills, before factoring in incentives.

So are solar panels worth it? Whether you're trying to reduce your electricity costs, greenhouse gas emissions or both, solar panels are a good investment for many Medway homeowners.

Solar Incentives in Medway

Adopting solar power has many great benefits. Not only can it help preserve the planet, but you can also save a decent amount of money on your installation with various government incentives. These incentives typically take the form of cash rebates, tax breaks and/or performance-based incentives. They can lower how much you pay for installing solar panels by 26 to 50% in some cases. The table below lets you know about the incentives you can take advantage of in Medway.

Environmental Impact of Switching to Solar in Medway

There are tons of reasons to trade traditional energy for solar power, like saving some money on utility bills and helping to lower your carbon footprint. But how much can using solar energy instead of traditional energy actually affect the environment? In Medway, where the energy generation could be cleaner, going solar can have a huge impact on the Earth since solar power has a lower carbon footprint. In Medway, the average homeowner can reduce their carbon footprint by 40 pounds a year once they go solar. The perks of solar power are infinite — just like solar power is! That's why so many Medway residents have been happy with making the switch to solar.